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DXY | Falling WEDGE Pattern & Possible Breakout Target..!!#DXY #USDindex (Update) Forming Falling Wedge Pattern in 8h Timeframe. RSI Printing Bullish Divergence. In Case of Breakout, Target Would be 91.20 (Resistance) 📌NFP Data Release Ahead..!! 📈If all the NFP Data come out better than the forecasts, the #USD will rise. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
TVC:DXYLong
by Faibik
5
US Dollar Poised To Start 2021 On A Positive NoteThe U.S. Dollar has lost almost 13% of its value since it topped out at 102.99 in March , it has tumbled as the federal government carried out multiple fiscal rescue programs to buffer the economic damage from the coronavirus lockdown in the first half of the year. The chart above allows us to put U.S. Dollar's entire decline since March 2020 high in the Elliott Wave perspective. The long-term downtrend which took the currency price from 102.99 to around 89.71 in nine months took the shape of a textbook impulse pattern. Its five waves are labeled i-ii-iii-iv-v. US Dollar Bears Are Overstaying Their Welcome What should worry the bears is that according to the Elliott Wave principle, a three-wave correction follows every impulse. Corrections usually erase all of the fifth wave’s gains. For U.S. Dollar, this means a rally to the wave (iv) resistance area near 94.78 can be expected once wave (v) is over. If this analysis is correct, the U.S. dollar could be ready to come out of its funk and start rallying again. What's your view on U.S Dollar Index? Let me know in the comment. Thanks for reading! Veejahbee.
TVC:DXYLong
by Veejahbee
3
USD Index eyes further 2% drop, seasonal trends bearish! 📉Hello traders, The US dollar has been in a strong downtrend in the recent months as risk sentiment improved significantly. Markets are always looking 6 to 18 months in the future, and positive vaccine news promises global economic recovery in the next year. Moreover, US President-elect Biden's plans to increase fiscal spending puts additional selling pressure in the US dollar, and rising stock valuations attract funds to the market and increase USD supply. The latest CFTC report showed that the aggregate USD short position increased to USD 27.1 billion . The current positioning has some room to go until it reaches a 52-week extreme positioning. Because, if everyone is already short, who will be selling? Seasonality trends based on the last 33 years show that the US dollar tends to have a bearish bias into the year end, starting from mid-November. Given that the end-of-year rally in stocks will likely put further selling pressure on the greenback, we could soon see the 88.xx area and even a break below. Please hit the "LIKE" button if you find any use in this post, and don't forget to comment!
TVC:DXYShort
by MujkanovicFX
6
DXY Trading PlanPattern: Channel Down on 4H. Signal: Sell once the price approaches the 4H MA50, which has been acting as the Resistance since November 04. Target: 91.220 (a -0.75% decline from a projected 4H MA50 contact point). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot
USD Index | Accumulation Phase ..!!#DXY (update) USD Index (DXY) has been Moving Between S/R Area From last 4 Months.. (Accumulation Phase) On the Other, Bulls Rejected the Bearish Trendline Many time in last 10 Months & Now, Once Bulls Pushing it towards the Trendline. If this Time, Trendline got Cleared, Then I'm Expecting Bullish Wave towards the Fibonacci Level 0.50 (97.5) In Worst Case, If Bulls Lost the Support (92) then DXY Might Form another Lower low formation (Bearish Wave) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
TVC:DXYLong
by Faibik
DXY - Important Key Level and Fib Retracement ( Bullish )Welcome! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move! ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
TVC:DXYLong
by Profitlio_Trading